Report Code : CVMI06052025 | Published Date : May 6, 2025
The aquaculture alternative protein market is undergoing a radical radically, projected to expand from $4.2 billion in 2024 to $22.5 billion by 2031 (CAGR: 32.1%). This growth is driven by the urgent need to replace traditional fishmeal and fish oil, which currently account for 35% of aquafeed formulations but face severe sustainability challenges. The market is segmented into four key protein sources:
Insect Protein (XX% market share):
- Black soldier fly larvae dominate with production costs falling 60% since 2020
- High lauric acid content (40%) provides superior shrimp health benefits
- Automated vertical farming enables 10,000 MT/year single-site production
Algal Protein (XX%):
- DHA-rich Schizochytrium strains achieve 50% lipid content
- Fermentation technology cuts production costs to $2.50/kg
- 92% protein digestibility in salmonids vs 78% for plant proteins
Single-Cell Proteins (XX%):
- Methanotrophic bacteria convert biogas into 70% protein biomass
- Yeast-based proteins now reach price parity with premium fishmeal
- Novel extremophile strains thrive in waste nutrient streams
Plant-Based (XX%):
- Fermented soybean concentrates reduce anti-nutrients by 90%
- Pea/canola protein blends optimized for marine species
- Enzyme hydrolysis improves digestibility to 85-90%
2. Key Growth Drivers
Sustainability Imperatives
- Wild fish stocks used for fishmeal have declined by 35% since 2000
- Algal proteins generate 85% lower carbon emissions than fish oil production
- Insect farming uses 98% less land than soy protein cultivation
Nutritional Breakthroughs
- CRISPR-edited yeast now produces marine-identical omega-3s
- Optimized amino acid profiles match 92-95% of fishmeal quality
- Natural carotenoids in algae eliminate need for synthetic pigments
Economic Factors
- Fishmeal price volatility (1,200−1,200−2,800/ton since 2020) drives reformulation
- Alternative proteins now 15-20% cheaper in long-term contracts
- EU carbon taxes add $150/ton to conventional feed costs from 2025
Regulatory Support
- EU's Fishmeal Reduction Roadmap mandates 30% alternatives by 2025
- China's Blue Granary Program invests $200M in insect protein facilities
- USDA BioPreferred Program offers procurement advantages
3. Technology Comparison
Technology |
Protein Content |
Cost (USD/ton) |
Key Advantage |
Black Soldier Fly |
55-60% |
$1,800 |
Lauric acid for shrimp health |
Methanotrophic Bacteria |
70-75% |
$1,500 |
Carbon-negative production |
Algal Protein |
50-65% |
$2,200 |
Marine-identical omega-3s |
Fermented Plant |
65-70% |
$1,600 |
High digestibility |
4. Regional Adoption
Europe (45% market share):
- Leads in algal protein adoption
- EU subsidies cover €50/ton of alternative protein use
- Norway's salmon industry targets 50% fishmeal replacement by 2025
Asia (XX%):
- China's insect protein production growing at 45% CAGR
- Vietnam mandates 30% alternative protein in shrimp feed
- India's poultry byproduct utilization in aquafeed
North America (XX%):
- US leads in single-cell protein innovation
- Canada's algal omega-3 production capacity expanding
- Mexico's insect farming initiatives gaining traction
5. Implementation Challenges
Technical Barriers:
- Palatability issues in carnivorous species
- Variability in protein quality between batches
- Limited scalability for some novel proteins
Financial Hurdles:
- High capital costs for production facilities
- 2-3 year ROI periods for farm adoption
- Price sensitivity in emerging markets
Regulatory Hurdles:
- Lack of global standards for novel ingredients
- Approval timelines for innovative proteins
- Labeling and consumer acceptance issues
Reasons To Buy

Scope

- Calysta / Calysseo
- InnovaFeed
- Protix
- Ÿnsect
- Corbion
Aquaculture Alternative Protein Market Report
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1. Aquaculture Alternative Protein Market Research Report
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1.1 Study Objectives
1.2 Aquaculture Alternative Protein Market - Overview
1.3 Reason to Read This Report
1.4 Methodology and Forecast Analysis
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2. Aquaculture Alternative Protein Market Research Report - Preface
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2.1 Aquaculture Alternative Protein Market Research Report – Detailed Scope and Definitions
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2.1.1 By Source
2.1.2 By Form
2.1.3 By Species
2.1.4 By Region
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3. Aquaculture Alternative Protein Market Dynamics
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3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
3.2. Restraints – By Source, By Form, By Species, By Country
3.3. Opportunities – By Source, By Form, By Species, By Country
3.4. Trends – By Source, By Form, By Species, By Country
3.5. PEST Analysis
3.6. Porters Five Rule Analysis
3.7. Company’s Share Analysis (CSA) by Region or By Country
3.8. Aquaculture Alternative Protein Market Research Report – DROTs Impact Analysis
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4. Aquaculture Alternative Protein Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
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4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
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5. Aquaculture Alternative Protein Market, By Source, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
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5.1 Insect Protein
5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
5.2 Algae Protein 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
5.3 Plant-Based Protein 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
5.4 Single Cell Protein 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
5.5 Fermentation-Derived Protein 5.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
5.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
5.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
5.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
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6.1 Powder
6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
6.2 Pellet 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
6.3 Granule 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
6.4 Liquid 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
6.5 Other Forms 6.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
6.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
6.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
6.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
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7.1 Fish
7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
7.2 Crustaceans 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
7.3 Mollusks 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
7.4 Others 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
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8. Aquaculture Alternative Protein Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
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8.1 North America
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8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
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8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
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8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
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8.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
8.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
8.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
8.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
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8.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
8.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
8.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
8.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
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9. North America Aquaculture Alternative Protein Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
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9.1 By Source Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
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9.1.1 Insect Protein
9.1.2 Algae Protein
9.1.3 Plant-Based Protein
9.1.4 Single Cell Protein
9.1.5 Fermentation-Derived Protein
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9.2.1 Powder
9.2.2 Pellet
9.2.3 Granule
9.2.4 Liquid
9.2.5 Other Forms
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9.3.1 Fish
9.3.2 Crustaceans
9.3.3 Mollusks
9.3.4 Others
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9.4.1 U.S
9.4.2 Canada
9.6 Regional Trends Analysis
9.7 North America Aquaculture Alternative Protein Market Research Report - Company Profiles
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9.7.1 Company 1 (U.S)
9.7.2 Company 2 (Canada)
9.7.3 Company 3 (Canada)
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10.1 By Source Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
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10.1.1 Insect Protein
10.1.2 Algae Protein
10.1.3 Plant-Based Protein
10.1.4 Single Cell Protein
10.1.5 Fermentation-Derived Protein
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10.2.1 Powder
10.2.2 Pellet
10.2.3 Granule
10.2.4 Liquid
10.2.5 Other Forms
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10.3.1 Fish
10.3.2 Crustaceans
10.3.3 Mollusks
10.3.4 Others
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10.4.1 Germany
10.4.2 UK
10.4.3 France
10.4.4 Spain
10.4.5 Italy
10.4.6 Russia
10.4.7 Poland and Rest of Europe
10.6 Regional Trends Analysis
10.7 Europe Aquaculture Alternative Protein Market Research Report - Company Profiles
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10.7.1 Company 1 (Germany)
10.7.2 Company 2 (UK)
10.7.3 Company 3 (UK)
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11.1 By Source Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
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11.1.1 Insect Protein
11.1.2 Algae Protein
11.1.3 Plant-Based Protein
11.1.4 Single Cell Protein
11.1.5 Fermentation-Derived Protein
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11.2.1 Powder
11.2.2 Pellet
11.2.3 Granule
11.2.4 Liquid
11.2.5 Other Forms
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11.3.1 Fish
11.3.2 Crustaceans
11.3.3 Mollusks
11.3.4 Others
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11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 ASEAN
11.4.5 Australia & New Zealand
11.4.6 Rest of Asia-Pacific
11.6 Regional Trends Analysis
11.7 Asia-Pacific Aquaculture Alternative Protein Market Research Report - Company Profiles
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11.7.1 Company 1 (Japan)
11.7.2 Company 2 (China)
11.7.3 Company 3 (China)
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12.1 By Source Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
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12.1.1 Insect Protein
12.1.2 Algae Protein
12.1.3 Plant-Based Protein
12.1.4 Single Cell Protein
12.1.5 Fermentation-Derived Protein
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12.2.1 Powder
12.2.2 Pellet
12.2.3 Granule
12.2.4 Liquid
12.2.5 Other Forms
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12.3.1 Fish
12.3.2 Crustaceans
12.3.3 Mollusks
12.3.4 Others
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12.4.1 Brazil
12.4.2 Mexico
12.4.3 Argentina
12.4.4 Rest of Latin America
12.6 Regional Trends Analysis
12.7 Latin America Aquaculture Alternative Protein Market Research Report - Company Profiles
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12.7.1 Company 1 (Brazil)
12.7.2 Company 2 (Mexico)
12.7.3 Company 3 (Mexico)
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13.1 By Source Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
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13.1.1 Insect Protein
13.1.2 Algae Protein
13.1.3 Plant-Based Protein
13.1.4 Single Cell Protein
13.1.5 Fermentation-Derived Protein
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13.2.1 Powder
13.2.2 Pellet
13.2.3 Granule
13.2.4 Liquid
13.2.5 Other Forms
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13.3.1 Fish
13.3.2 Crustaceans
13.3.3 Mollusks
13.3.4 Others
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13.4.1 Gulf Cooperation Council (GCC) Countries
13.4.2 Israel
13.4.3 South Africa
13.4.4 Rest of MEA
13.6 Regional Trends Analysis
13.7 Middle East and Africa Aquaculture Alternative Protein Market Research Report - Company Profiles
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13.7.1 Company 1 (Gulf Cooperation Council (GCC) Countries)
13.7.2 Company 2 (Israel)
13.7.3 Company 3 (Israel)
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14.1 Strategic Dashboard of Top Market Players
14.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
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14.2.1 Calysta
14.2.2 Ÿnsect
14.2.3 Entocycle
14.2.4 Aker BioMarine
14.2.5 Finless Foods
14.2.6 Aleph Farms
14.2.7 Pontus Protein
14.2.8 V2food
14.2.9 Pronofa ASA
14.2.10 AquaBounty Technologies
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15. Data Collection Method and Research Approach
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16. Principal Presumptions and Acronyms